KB Home (KBH) Price Target Cut to $32.00

KB Home (NYSE:KBH) had its price objective decreased by investment analysts at Wedbush from $33.00 to $32.00 in a research report issued on Friday. The firm presently has a “neutral” rating on the construction company’s stock. Wedbush’s price objective indicates a potential upside of 8.40% from the company’s previous close. Wedbush also issued estimates for KB Home’s Q3 2019 earnings at $0.89 EPS.

A number of other analysts also recently issued reports on the company. Citigroup downgraded KB Home from a “neutral” rating to a “sell” rating and set a $27.00 price objective for the company. in a research report on Tuesday, January 2nd. Zacks Investment Research raised KB Home from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a research report on Tuesday, January 9th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $27.00 price objective (up from $25.50) on shares of KB Home in a research report on Tuesday, December 19th. ValuEngine raised KB Home from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Buckingham Research raised KB Home from an “underperform” rating to a “neutral” rating and set a $34.00 price objective for the company in a research report on Friday, January 26th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $30.19.

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KB Home (NYSE:KBH) traded up $0.68 during midday trading on Friday, hitting $29.52. The stock had a trading volume of 5,645,039 shares, compared to its average volume of 1,808,820. KB Home has a fifty-two week low of $18.83 and a fifty-two week high of $38.80. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.22 and a current ratio of 5.36. The stock has a market cap of $2,502.22, a price-to-earnings ratio of 34.33, a PEG ratio of 0.73 and a beta of 1.54.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Thursday, March 22nd. The construction company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.11. The firm had revenue of $871.60 million during the quarter, compared to the consensus estimate of $878.77 million. KB Home had a return on equity of 11.17% and a net margin of 2.15%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $0.15 EPS. equities research analysts expect that KB Home will post 2.61 earnings per share for the current fiscal year.

In other news, SVP Thomas F. Norton sold 47,179 shares of KB Home stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $30.32, for a total value of $1,430,467.28. Following the completion of the transaction, the senior vice president now owns 103,562 shares in the company, valued at approximately $3,139,999.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeff Kaminski sold 125,000 shares of KB Home stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $32.53, for a total value of $4,066,250.00. Following the completion of the transaction, the chief financial officer now owns 237,775 shares of the company’s stock, valued at approximately $7,734,820.75. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Elkfork Partners LLC purchased a new position in shares of KB Home in the 4th quarter valued at about $331,000. Xact Kapitalforvaltning AB purchased a new position in shares of KB Home in the 4th quarter valued at about $245,000. Vanguard Capital Wealth Advisors purchased a new position in shares of KB Home in the 4th quarter valued at about $262,000. MetLife Investment Advisors LLC purchased a new position in shares of KB Home in the 4th quarter valued at about $2,909,000. Finally, PEAK6 Investments L.P. boosted its stake in shares of KB Home by 77.7% in the 4th quarter. PEAK6 Investments L.P. now owns 22,035 shares of the construction company’s stock valued at $704,000 after buying an additional 9,635 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.

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KB Home Company Profile

KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.

Analyst Recommendations for KB Home (NYSE:KBH)

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